Canadian Tire, a major Canadian retailer, reported the following in

Canadian Tire, a major Canadian retailer, reported the following in its December 31, 2011, financial statements:December 31, 2011Short-term investments ........................................................................... $196.4 millionLong-term investments ........................................................................... 128.2 millionNo other investments were reported.

Required1. On which financial statement would the above information have appeared?2. Are the investments described above non-strategic or strategic? Explain why or why not.3. Describe what types of investments might be included in each of the categories above.